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Sep 7, 2012
09/12
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we were looking at china, the slow down in china and then we look back to europe and now you've got that. >> i think they do. i think they take the congressional mandate seriously, which is sfatable prices and maximum unemployment. >> maximum employment. >> what did i say? maximum unemployment? everybody says that. >> once europe solves some of these problems, we start to recover. we are dependent on europe. if that's the case, why do they have to even react at all? >> i don't think that they think europe is the whole problem. i think they believe that if they were to help drive interest rates even lower, bring up stock prices even higher, what they are looking for is this thing they keep referring to me which is the virtuous circle. they want jobs, demand, investment, and then they want jobs. they feel like they need to get to the point on policy that could ignite that virtuous circle. there are those out there that think what the fed is doing is preventing that virtuous circle from taking place. the center of the fed, as far as i know -- >> we don't know if any fed action from this poi
we were looking at china, the slow down in china and then we look back to europe and now you've got that. >> i think they do. i think they take the congressional mandate seriously, which is sfatable prices and maximum unemployment. >> maximum employment. >> what did i say? maximum unemployment? everybody says that. >> once europe solves some of these problems, we start to recover. we are dependent on europe. if that's the case, why do they have to even react at all?...
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Mar 20, 2012
03/12
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. >> china's growth is driving the market s china really slowing down or are we seeing a shift where growth has come today. bob pisani is here with us along with ross westgate here at the new york stock exchange in from london. steve liesman joining us from d.c. bob, first let's kick it off with china here. is it really slowing down? do you think that is what is behind the iron-ore companies, the mining companies? >> first of all, great to see you. our man from london. >> i like this new set. >> you like it? isn't this great? we're on the floor and it's great to have you. but to answer your question, i'm suspicious about this. now, this poor guy makes a comment that iron ore ships into china are going into the single digits. you would have thought china was collapsing in the world markets. all of the material stocks, worldwide was down, china was down. good heavens, look, it's very simple. chinese steel -- the question is steel. the steel numbers of china are getting actually a bit better. they were slow last year. here's what morgan stanley said. the chinese markets are improving. m
. >> china's growth is driving the market s china really slowing down or are we seeing a shift where growth has come today. bob pisani is here with us along with ross westgate here at the new york stock exchange in from london. steve liesman joining us from d.c. bob, first let's kick it off with china here. is it really slowing down? do you think that is what is behind the iron-ore companies, the mining companies? >> first of all, great to see you. our man from london. >> i...
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Dec 12, 2012
12/12
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we will have calmed eurozone fears, revived china and an emerging world. gear u.s. recovery, which is operating on far more cylinders. housing activity. bank lending. falling unemployment rate. and finally, we would have restored a lot of debt balance sheet. that's a lot of positive force for the economy in 2013. i don't think it needs more fed involvement. >> likely to get something, though. i think we can both agree on that. what about the cliff? >> i think the cliff -- i think it's going to sound ugly and mean because that's the way you negotiate right up until the end of the year. i think we're going to get a modest tax hike, modest spending cut, and extend a lot of the existing relationships to live to fight for another day. >> jim, stick around as we kick it around with the traders. financials, that's what jim likes. >> i think the market is playing a game of three-card monty right now. you have the fed on one side, fiscal cliff in the middle, and i think earnings is actually where the coin is. that's where the prize is. i think the market is vulnerable becaus
we will have calmed eurozone fears, revived china and an emerging world. gear u.s. recovery, which is operating on far more cylinders. housing activity. bank lending. falling unemployment rate. and finally, we would have restored a lot of debt balance sheet. that's a lot of positive force for the economy in 2013. i don't think it needs more fed involvement. >> likely to get something, though. i think we can both agree on that. what about the cliff? >> i think the cliff -- i think...
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Mar 28, 2012
03/12
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i do not think china is falling off a cliff and we have imminent issues in china. that being said, it doesn't mean commodities won't go down. if you think about china, look at stores that sell to domestic chinese consumer. >> glad you gave me a trade. i want to make it for the trader watching. caterpillar short plays in your way of thinking. >> started shorting last week as i mentioned on the show. i've been adding to that position. i think the trade here, by the way, is not to be short chinese names themselves. time to short china was a couple weeks ago when fxi was trading up at 40. i did so. i have covered those shorts on china specific names. think now it's time to sell u.s. cyclic cyclicals. i don't believe in decoupling. i believe with recoupling. dick van dyke is 86 years old and just got married. he recoupled. global markets are going to recouple. we can't sail free with europe and china this week. >> quick comment? >> i think the conversation about china and the softening we factored in isn't what the market is about right now. this market is about technol
i do not think china is falling off a cliff and we have imminent issues in china. that being said, it doesn't mean commodities won't go down. if you think about china, look at stores that sell to domestic chinese consumer. >> glad you gave me a trade. i want to make it for the trader watching. caterpillar short plays in your way of thinking. >> started shorting last week as i mentioned on the show. i've been adding to that position. i think the trade here, by the way, is not to be...
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Sep 4, 2012
09/12
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and china. and watching platinum and palladium prices are moving in line with the other industrials. >> thank you. significant moves. are those reflective what we're seeing at the nyc? bob? >> the answer is no. she had a very good point. commodities, gold and silver might be doing very well. in the last month, the weaker dollar hasn't been a big help to commodity based stocks one of the problems the market has had. look at your market leadership group. all the big risk off-risk on names are to the down side. energy, technology, industrials, all to the down side. that's been a problem and been a theme for the last month. today, the market leadership telecom, consumer and utilities, declining to advancing side of stocks, bottom line, that's a very narrow market leadership. sickly calls had a problem the last month. four year highs on s&p about a month ago. there's a chart on the morgan stanley cyclical edadvance and down about 3% since hitting the new highs. weaker dollar is not helping, more conc
and china. and watching platinum and palladium prices are moving in line with the other industrials. >> thank you. significant moves. are those reflective what we're seeing at the nyc? bob? >> the answer is no. she had a very good point. commodities, gold and silver might be doing very well. in the last month, the weaker dollar hasn't been a big help to commodity based stocks one of the problems the market has had. look at your market leadership group. all the big risk off-risk on...
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May 10, 2012
05/12
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we're seeing the -- like i said, the emerging market slow down in china and brazil where their stock market is down since 2009, 2010. that's fundamentally bad for the global economy which signals a deflati deflationary period. gold is just a commodity. it will fall together. >> gentlemen, thank you for your thoughts on that. a little more coming up. let's get to kayla tausche who has been our facebook correspondent. >> the facebook instagram deal could be delayed by a federal trade commission probe. we have a little bit of color on that. facebook bought instagram about a month ago. mark zuckerberg said he bought instagram to take out a competitor. transactions over 66 million must be reviewed by the ftc or d.o.j. now, if one of the agencies does decide to take a closer look at the deal, the review could be several months long. facebook even said it would pay instagram $200 million in a break-up deal even though they expect to close the deal by the end of q2. now, that fee, that $200 million fee is 20% of the deal size and when most mergers, on average, they carry a termination around
we're seeing the -- like i said, the emerging market slow down in china and brazil where their stock market is down since 2009, 2010. that's fundamentally bad for the global economy which signals a deflati deflationary period. gold is just a commodity. it will fall together. >> gentlemen, thank you for your thoughts on that. a little more coming up. let's get to kayla tausche who has been our facebook correspondent. >> the facebook instagram deal could be delayed by a federal trade...
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Mar 13, 2012
03/12
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president obama wants the wto to use muscle so china will ease exports. moly corp is up 3.75%. it's about half of what it was at the highsi inof the day. same with all the other players here. benihana, i want to look at the interday chart here. that's a huge spike. it was negative, now it's up 3.25%. investors want to get in right now. maria, back to you. >> brian, you know, we just are getting the first of what will likely be several dividend increases in the financial services sector. we know we'll get the results of the federal reserve stress test this week. jpmorgan announced it is increasing its dividend to 30 cents a share. that's up from 25 cents a share. they're increasing the dividend, and also announcing a $15 billion buyback. jpmorgan just coming out with this. we're waiting for the result out of the stress test. but clearly they've gotten the nod from the head that their capital ratios are very, very strong and are able to raise the dividends. we've been waiting for more banks to do the same. my bet is this is going to be the first of several dividend increases we h
president obama wants the wto to use muscle so china will ease exports. moly corp is up 3.75%. it's about half of what it was at the highsi inof the day. same with all the other players here. benihana, i want to look at the interday chart here. that's a huge spike. it was negative, now it's up 3.25%. investors want to get in right now. maria, back to you. >> brian, you know, we just are getting the first of what will likely be several dividend increases in the financial services sector....
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Aug 30, 2012
08/12
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give us some info on china and how your clients can profit from the slowdown in china. >> thanks, brian. well, i think the slowdown in china has been quite painful for a lot of people, so unfortunately i think most people have been finding there's been less profits recently. we think that this is probably more of a short-term issue. certainly china is at a difficult cross roads at the moment with significant amounts of cyclical stress and probably given the political transition upcoming. still a little too early to see the fairly kig cant structural reform materialize. given the cyclical stresses, a lot of attractive sectors like insurance, retail, et cetera, are all now trading at very, very low levels. so we think it's actually a pretty interesting entry opportunity for some of these types of sectors. >> so helen, we're focused on the monetary policy that comes from the pboc. what is the expectation? are we going to see further easing or potentially a stimulus quasi, like a mini plan of what we saw in 2009? >> that's a great question. i think we have seen a little bit of a mixed trend
give us some info on china and how your clients can profit from the slowdown in china. >> thanks, brian. well, i think the slowdown in china has been quite painful for a lot of people, so unfortunately i think most people have been finding there's been less profits recently. we think that this is probably more of a short-term issue. certainly china is at a difficult cross roads at the moment with significant amounts of cyclical stress and probably given the political transition upcoming....
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Mar 28, 2012
03/12
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don't we have to worry about china? >> china will have a soft landing of some sort? >> how soft? >> america can grow regardless of whether china has a soft landing or a slightly hard landing. it's not going to stop this country. our imports from china -- exports are like $300 billion. it falls 10%, it alone won't drastically change the american economy. >> gdp per capita something like 125th in the world. still low cost society. see i kept the interview going. >> exactly. >> when you say a soft landing, are we talking about tempur-pedic soft? or the concrete with a foam cover. >> grow at 7.5%, i'll make a bet they grow very close to 7.5%. $10,000. i think they have the will and the way -- >> 10,000 lira. >> i think they have the will and the way to accomplish what they want to accomplish in the short run. just go back -- >> 7.5% they'll grow this year. that's your bet? >> yeah. i would say within if the chinese government says 7.5%, i'll make a bet of 7.5%. >> if the chinese government says it's going to be 7.5%, do you trust all the data? >> you can look at any data and dig into
don't we have to worry about china? >> china will have a soft landing of some sort? >> how soft? >> america can grow regardless of whether china has a soft landing or a slightly hard landing. it's not going to stop this country. our imports from china -- exports are like $300 billion. it falls 10%, it alone won't drastically change the american economy. >> gdp per capita something like 125th in the world. still low cost society. see i kept the interview going. >>...
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Feb 3, 2012
02/12
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and china are. i would have thought we were selling more lipstick over in europe for those pigs, but who knew. >> lieutenant health care popping 8%. grass grasso? >> you see this name up, and you see hca up. mixed bag for hmos, that group is down. >> and manpower is up as well today, popping 4%. >> ran in the close yesterday. after hours, there were a lot of betts bets being placed but i believe we're jobs related and, in fact, paid off very big. stock opened up dollar. run another dollar since then. running up nearly 5% on the day. >> bill gurley of benchmark capital right after this bake. >>> welcome back. take a look here at the nasdaq 100. it's at session highs heading also for its highest close since 2000. so you're looking at the nasdaq 100 up 1 1/3%. tech has just been performing well of late. so who better than bill gurley to bring in. he's general partner at benchmark capital. strong day for tech. premier firms in the valley. benchmark has investments across the entire tech separations, fro
and china are. i would have thought we were selling more lipstick over in europe for those pigs, but who knew. >> lieutenant health care popping 8%. grass grasso? >> you see this name up, and you see hca up. mixed bag for hmos, that group is down. >> and manpower is up as well today, popping 4%. >> ran in the close yesterday. after hours, there were a lot of betts bets being placed but i believe we're jobs related and, in fact, paid off very big. stock opened up dollar....
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Apr 12, 2012
04/12
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everybody's been talking about a slowdown in china. here's your main etf for china. nice pop up today. this is heavy volume it's been seeing. it's been kind of neglected for a while. very popular for a long time and kind of fallen off. today nice activity. buying in chinese stocks here. they're loosening credit controls in china. that appears to be working and is supporting the idea of a soft landing in the chinese markets, tyler. remember what side of chinese gdp are you on? 8% plus or 8% minus? consensus for gdp will be out overnight. right now it's 8.3%. we saw the dollar moving down all throughout the day on this. that's helping commodities and commodity stocks. tyler, you can take a look and see all the big material names, the global material names all up 2%, 3% and even in 6% in the case of freeport. >> people who work inside 2 world financial center are back in their office after a suspicious package forced the evacuation. bertha coombs lives in lower manhattan with the latest. >> reporter: hi, tyler. police say that it appears an employee sent himself a novel
everybody's been talking about a slowdown in china. here's your main etf for china. nice pop up today. this is heavy volume it's been seeing. it's been kind of neglected for a while. very popular for a long time and kind of fallen off. today nice activity. buying in chinese stocks here. they're loosening credit controls in china. that appears to be working and is supporting the idea of a soft landing in the chinese markets, tyler. remember what side of chinese gdp are you on? 8% plus or 8%...
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Apr 25, 2012
04/12
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we sell china. you don't understand china. will you stop trying to constrain us by the four walls of your morotic canvas because we are not going to be constrained by your traditional metrics. i love them. new price target and this has been called a gimmick this morning. $1,111. >> the action in topeka in the santa fe is the north railroad. >> 35.1 million aye phones. >> we heard that from jeffries yesterday, and they know more than apple, don't they? >> we seem to still be focused on this domestic market. and that is a mistake, clearly, verizon and at&t. yesterday we were sitting here and questioning will it be there in terms of the growth rate they anticipate or the number they anticipate? and, of course, it's a global story. but i need to know what china is doing with apple. intel switched in china and intel became the largest market. all the analyst were trying to decide how many chips dell was ordering. in the meantime, there was a gigantic country, a lot of eyeballs, a lot of fingers, a lot of hands, a lot of dollars. th
we sell china. you don't understand china. will you stop trying to constrain us by the four walls of your morotic canvas because we are not going to be constrained by your traditional metrics. i love them. new price target and this has been called a gimmick this morning. $1,111. >> the action in topeka in the santa fe is the north railroad. >> 35.1 million aye phones. >> we heard that from jeffries yesterday, and they know more than apple, don't they? >> we seem to still...
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Jun 12, 2012
06/12
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you cited some things that might spark that like european crisis or china slowing down. we have both of those already. why isn't it triggering an exit of the money? >> right now we have a lot of un center in the world. we don't have a financial manic crash or collapse. that's what would really trigger this. there is an argument to be made, in some ways, this is the most patient capital. these are not distressed sellers, even if the world is uncertain, not that they have to sell, very wealthy buyers. on the other hand, it is a very discretionary investment purchase for these people so they could just stop buying. >> let's hope it doesn't happen. thank you for joining us. >>> coming up next on "street signs." oil is at an eight month low, the former ceo of shell oil says don't be fooled, it's not good news >>> and a wires plan to give you one data plan and one bill for all your wireless devices. sure sounds great but could it lead to serious sticker shock? streets signs is back in two. ttd#: 1-800-345-2550 let's talk about market volatility. ttd#: 1-800-345-2550 in times l
you cited some things that might spark that like european crisis or china slowing down. we have both of those already. why isn't it triggering an exit of the money? >> right now we have a lot of un center in the world. we don't have a financial manic crash or collapse. that's what would really trigger this. there is an argument to be made, in some ways, this is the most patient capital. these are not distressed sellers, even if the world is uncertain, not that they have to sell, very...
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Sep 12, 2012
09/12
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the thing to watch is china. china has been slowing. the iron ore prices, the retail sales, the exports po china have all been really very weak. china's stock market is in negative territory for the year. that's the one we have to keep an eye on. but that will keep a lid on prices, china's slowing. >> i will say we've given you guys at morgan stanley props for giving it right in terms of the economy. you've seen slow down in terms of growth, unemployment has remained high. but i don't think you expected the market to be sitting here today in september at five-year highs, did you? >> no, not in the least. we think you can have an economic above recession while you have an earnings recession. that's what you think is now the second half of this year. so this is a full year football game, the second half we think the profits are coming under pressure because of europe's slowdown, because of the interest rates being low and the dollar being high. the money coming -- the dollar being high. the money coming back from europe is not that much.
the thing to watch is china. china has been slowing. the iron ore prices, the retail sales, the exports po china have all been really very weak. china's stock market is in negative territory for the year. that's the one we have to keep an eye on. but that will keep a lid on prices, china's slowing. >> i will say we've given you guys at morgan stanley props for giving it right in terms of the economy. you've seen slow down in terms of growth, unemployment has remained high. but i don't...
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May 4, 2012
05/12
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you've got a slow down in china and certainly in a disaster period. what do you want to do in terms of allocating? >> some of your investors can get high grade or corporate municipal bonds and they crept up and surpassed that market and master limited partnerships. that's the infrastructure and oil storage and oil transport facilities. i would like to wish a very nice recovery. he injured himself. >> yes. >> and i want to say good-bye to the canadian penny. today they stopped making pennies in canada. it's not a good sign for the value of money when we start doing that. and you've been changing your allocation because of what we're seeing coming out of europe. >> we've been fairly conservatively positioned, heavy on more storage names. we've been very careful about chasing this rally as we've been concerned about the underpinnings. >> so do you think we're going to get a market selloff? how do you envision what is to come? >> i think the risk is for a selloff. whether it's significant or not, it's hard to say you're seeing data in u.s. and europe weak
you've got a slow down in china and certainly in a disaster period. what do you want to do in terms of allocating? >> some of your investors can get high grade or corporate municipal bonds and they crept up and surpassed that market and master limited partnerships. that's the infrastructure and oil storage and oil transport facilities. i would like to wish a very nice recovery. he injured himself. >> yes. >> and i want to say good-bye to the canadian penny. today they stopped...
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Mar 2, 2012
03/12
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the suspects allegedly try today smuggle fake versions of brands like nike, timberland, coach from china. hiring of small businesses has increased slightly in february. and number of firms cutting workers fell to its lowest level since 2007. the last ever continental airlines flight leaves from phoenix tonight. when it lands in cleveland, ohio, what a better state, the brand name will be history. continental is being folded into united airlines which merged with continental in 2010. >> thanks for that. coming up next on "street signs," it's been one awesome week for apple. first the $500 billion market cap. and then the call for apple at $1,000. and get ready, leading tick analyst munster says they're about to do for the tv what itunes did for music and the iphone did for mobile phones. why he says this is a big game changer. later on, move over zuckerberg. soccer mom haves a new friend. and it isn't facebook, folks. how they're fueling what could be the next big thing in social media. "why did i roll over my i.r.a. to scottrade?" "for starters, it didn't cost me anything." "and i got a
the suspects allegedly try today smuggle fake versions of brands like nike, timberland, coach from china. hiring of small businesses has increased slightly in february. and number of firms cutting workers fell to its lowest level since 2007. the last ever continental airlines flight leaves from phoenix tonight. when it lands in cleveland, ohio, what a better state, the brand name will be history. continental is being folded into united airlines which merged with continental in 2010. >>...
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Aug 23, 2012
08/12
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and china data, a nine-month low. there are still concerns about inflation charts but we're not sure what stimulus will do this weekend but the fed and chinese data, we've seen a swing around in currencies. the aussie dollar, for example, after the fed, dollar index went to a two-month low. the aussie dollar got up to well over 1.05. and the australian resources minister saying the boom is over for his country. the fed has qe. the dollar weakens, you would expect it to go up, but can they go up when the main client, china, is slowing and that marks that the commodities boom has come to an end. >> that's one of the ways to think about it. >> i just want to ask, ross, are you happy it's over here, the olympics, everybody is gone, quiet sleepy london town now? >> no, we're missing them. i think for two weeks, the cynicism, steve, left. there was to cynicism for two weeks. the traffic is the best ever -- there was no traffic. i drove in every day. it was the best it's ever been. so actually, i think we're missing the olym
and china data, a nine-month low. there are still concerns about inflation charts but we're not sure what stimulus will do this weekend but the fed and chinese data, we've seen a swing around in currencies. the aussie dollar, for example, after the fed, dollar index went to a two-month low. the aussie dollar got up to well over 1.05. and the australian resources minister saying the boom is over for his country. the fed has qe. the dollar weakens, you would expect it to go up, but can they go up...
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Nov 5, 2012
11/12
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remember china's growth is no longer going to be 10%. they're reaccelerating their growth over the last couple of quarters but we think it's a question of 7% to 8%. emerging markets, driven by china, will look different. we favor developed markets, especially the u.s., which happens to be the best house in a crummy neighborhood, if you will, of the global economy. >> defensive stocks, health care, consumer staples and health care. >> global guerrillas, i like that. >> thank you for joining us. heading to the close with a bit of a rally. dow up 38 points, the high of the session. >> what happens in wall street in the two months leading up to election day is historically one of the most accurate predictors who gets elected president? >> remember that number, 1390.84, you'll find out why that's significant coming up. >>> why someone here says the superstorm sandy devastation increasing consumer fraud. herb greenberg saw this coming from the very first forecast. how can you weed out legitimate claims from excuses? >>> welcome back. election
remember china's growth is no longer going to be 10%. they're reaccelerating their growth over the last couple of quarters but we think it's a question of 7% to 8%. emerging markets, driven by china, will look different. we favor developed markets, especially the u.s., which happens to be the best house in a crummy neighborhood, if you will, of the global economy. >> defensive stocks, health care, consumer staples and health care. >> global guerrillas, i like that. >> thank...
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Apr 4, 2012
04/12
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they are not buying china property. this is good for the market. the end. >> clearly a canadian hater. i'm kidding. thank you very much. tomorrow we're live in chicago. i completely disagree with peter. what can you assume? by the way, street signs live. >> it better be hot with pepperoni.
they are not buying china property. this is good for the market. the end. >> clearly a canadian hater. i'm kidding. thank you very much. tomorrow we're live in chicago. i completely disagree with peter. what can you assume? by the way, street signs live. >> it better be hot with pepperoni.
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Apr 13, 2012
04/12
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decoding china data. is growth north of 8% really cause for concern or should we be scooping up energy and material shares right now? we're breaking it all down with a top china expert. and selling the bank earnings. wells and jpmorgan fail to wow investors. we're looking ahead to the big reports next week from bank of america, goldman, and of course, citigroup. welcome to "the fast money halftime report." lots to trade today. let's start doing it. pete najarian, obviously, it's a down week for stocks, major averages off more than 1% or so. it's been a turbulent week at that. and even apple's down. >> right. >> maybe we're seeing some cracks in apple at this point. what are you seeing? >> i don't know that we're seeing necessarily some cracks. i just think we're in this pause stage that we've seen before in apple when we were down near the $400 level. we did get a few pullbacks underneath $400 on a couple occasions only to completely explode to the up side. so i'm not sure yet that we're seeing any cracks
decoding china data. is growth north of 8% really cause for concern or should we be scooping up energy and material shares right now? we're breaking it all down with a top china expert. and selling the bank earnings. wells and jpmorgan fail to wow investors. we're looking ahead to the big reports next week from bank of america, goldman, and of course, citigroup. welcome to "the fast money halftime report." lots to trade today. let's start doing it. pete najarian, obviously, it's a...
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Mar 20, 2012
03/12
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we've become poorer. >> china does not help commodities if china is soft. are you betting that china is going to come back faster? >> yeah, i think china is going to come back 6%, 7% growth. i think china is a growth story. i don't think they're about going to hell in a hand basket. >> can i make a pitch for japan. nobody wants japan except japan is up 20% year-to-date. >> it is, but -- >> it is in a recovery. >> the demographics are terrible. they're coming off what was a natural disaster low. let me take the other side of china and commodities. i think -- i wouldn't touch commodities. i'm short some commodities. gold to me is an emotional trade. you can't even figure out how to value it. nobody i go to can figure out how to value it. what's the fear level? >> gold has built in like a 50% inflation rate. >> yeah. >> we've been correcting. is gold going to continue to correct? >> i think it will because a lot of people got in late looking for gold 3,000, gold 4,000. we've seen this before. it's the housing bubble. i think gold comes down. i think steel cont
we've become poorer. >> china does not help commodities if china is soft. are you betting that china is going to come back faster? >> yeah, i think china is going to come back 6%, 7% growth. i think china is a growth story. i don't think they're about going to hell in a hand basket. >> can i make a pitch for japan. nobody wants japan except japan is up 20% year-to-date. >> it is, but -- >> it is in a recovery. >> the demographics are terrible. they're coming...
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Oct 8, 2012
10/12
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same in china. now that china as slowed, how many have been hurt? i found myself talking about it on "squawk on the street" today, when i hear china's weakness, the ones trading directly with china these days, seven companies, it's crazy how little impact it has anymore. but that again is a combination of two things, one that most u.s. company don't have much of a toe hold in china to begin with, sobering, isn't it? and two that we aren't an industrial -- we can talk a big game and worry about china, but we always bounce back and we bounce back quite quickly because it means so little to the vast majority of our companies. we have taken it back in style. if we leave out this newfound international relevance, kick the can strategy, okay, hey, get back in here. you belong in here. just look at the s&p 500's biggest gainers today, try to cross reference with china. netfl netflix, second car max up $2.67, 9%. the domestic auto market is up 6.7%. when cliff's national resources, up the $2.20. any bad news this china is only on hopes of rate cuts. maratho
same in china. now that china as slowed, how many have been hurt? i found myself talking about it on "squawk on the street" today, when i hear china's weakness, the ones trading directly with china these days, seven companies, it's crazy how little impact it has anymore. but that again is a combination of two things, one that most u.s. company don't have much of a toe hold in china to begin with, sobering, isn't it? and two that we aren't an industrial -- we can talk a big game and...
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Oct 23, 2012
10/12
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looking in china. sales up 40%, double digit comps. after nike, after yum, does this fly in the face of conventional wisdom about the chinese consumer? >> i think the handbag market has been a bit stronger than some of the other categories you mentioned in china. we certainly heard it from other handbag companies, mulberry today. i think it is a younger business there, but also coach stands next to european luxury brands quite well because it's an accessible luxury price point. i think they offer something different in the marketplace, up 40%. that's above their annual guidance, so they've guided to 30%, 35% growth. so they're doing better than their own guidance in china, at least in this quarter. >> we're looking at a board of kors versus coach, versus tiffany. it's the only one in green. burberry is down almost 4%. does the good will from coach spread to the rest of the sector? >> one of the things we know with coach is it's got a very middle, upper middle income type consumer. some of these other h
looking in china. sales up 40%, double digit comps. after nike, after yum, does this fly in the face of conventional wisdom about the chinese consumer? >> i think the handbag market has been a bit stronger than some of the other categories you mentioned in china. we certainly heard it from other handbag companies, mulberry today. i think it is a younger business there, but also coach stands next to european luxury brands quite well because it's an accessible luxury price point. i think...
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May 17, 2012
05/12
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what the hell do you do in mexico, or in china or eindia? >> people want us to reform the entire culture. >> it's not going my way so i'm going to go to the tease now. e-mail us as squawk@cnbc.com. tack a look at the walmart bid/ask right now. walmart is up next. >> facebook's mission is to make the world more open and connected. >> facebook, it's everywhere. >> facebook fever is going on. >> it helped spur a revolution half a world away. it changed the way we speak and keep in touch. it turned a small group of college friends into billionaires. >> for the first time ever in a single day we have half a billion people use facebook. >> in this cnbc special, we're asking the key questions behind what may be the most important public offering of the decade, including is facebook something you should invest in. see how much the facebook founders will be worth tomorrow and see how corporate america is cashing in now. >> it's the story your life. >> facebook, the social offering, today at 1:00 p.m. eastern, only on cnbc. [ duck yelling ] [ male ann
what the hell do you do in mexico, or in china or eindia? >> people want us to reform the entire culture. >> it's not going my way so i'm going to go to the tease now. e-mail us as squawk@cnbc.com. tack a look at the walmart bid/ask right now. walmart is up next. >> facebook's mission is to make the world more open and connected. >> facebook, it's everywhere. >> facebook fever is going on. >> it helped spur a revolution half a world away. it changed the way...
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Sep 25, 2012
09/12
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maybe china turns. i thought the general electric idea of buying my equipment and initially thought it was wrongly timed. stephanie link is on "fast money" and she runs some travel trust pushing right back to say, hey, listen, when is a good time if now isn't a good time? you have everybody downgrading the mining forecast, don't you buy -- why do you want to buy high? why can't you buy low? >> too often we see buying high because that's when confidence is high, that's when the stock market is high, but you're right. >> the other day you're doing the thing and i'm saying, evaluations aren't that bad. why aren't they doing it? ge comes out and says we are a bunch of jokers. no, caterpillar paid too much. ge did not pay too much. >> that's true given the fact ml talked down the scale of big-scale acquisitions for most of this year. >>> we are watching google shares on track to open at new all-time highs. this one day after the internet giant posted a record high close of 749.38. meantime, eric schmidt says
maybe china turns. i thought the general electric idea of buying my equipment and initially thought it was wrongly timed. stephanie link is on "fast money" and she runs some travel trust pushing right back to say, hey, listen, when is a good time if now isn't a good time? you have everybody downgrading the mining forecast, don't you buy -- why do you want to buy high? why can't you buy low? >> too often we see buying high because that's when confidence is high, that's when the...
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Dec 12, 2012
12/12
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credit outperformance and the valuation gap closing, and i think we get much more conviction about a china recovery and europe exiting recession so those really support stocks. >> what are you basing it on when you say we'll see a recovery in the second half? what's going to spur that? >> one of the things we studied pretty deeply in the report is looking at durable goods spending. never in u.s. history have we spent this little on construction and housing starts in cap "x." even s&p cap "x" is still pretty close to the 2009 lows, and, you know, when you think about all of that, you have to be very contrarian in terms of sectors this year or next year. >> right. >> and the surprise i think is going to be basic materials. that's the worst per forming group of the last two years. really almost a historic underperformance of that sector, and, again, it's very died to gdp picking up. >> very quickly, tom, do you change your outlook for next year if we go off the fiscal cliff? >> yeah. i mean, if we have a cliff and a recession, there is no bull market. you know, bull markets end with recession
credit outperformance and the valuation gap closing, and i think we get much more conviction about a china recovery and europe exiting recession so those really support stocks. >> what are you basing it on when you say we'll see a recovery in the second half? what's going to spur that? >> one of the things we studied pretty deeply in the report is looking at durable goods spending. never in u.s. history have we spent this little on construction and housing starts in cap...
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Jun 1, 2012
06/12
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it's also reacting to the news out of china overnight. we're down 3.5% on west texas intermediate crude. brent is down 3.5%. and it's trading below $100. so we have the oil market under severe pressure today, ty. >> all right, sue. as we await the president, the headline of course for most americans is that the unemployment rate goes back up. first tick upward in more than a year. now in our 40th consecutive month of unemployment at 8% or greater. that is the longest such streak going back to the late 1940s. so, where is the u.s. economy headed? and is more fed action on the way? senior economics reporter, steve liesman, joins us, and deutsche bank chief economist and cnbc contributor is with us. steve, is there anything in these numbers that cast a positive light on the u.s. economy right now? >> no. this was pretty dismal from top to bottom, tyler. i don't think there was a single economist who made an argument that inside this number there was some silver lining. in fact, bob wrote a piece said a lot of clouds, no silver lining, i thin
it's also reacting to the news out of china overnight. we're down 3.5% on west texas intermediate crude. brent is down 3.5%. and it's trading below $100. so we have the oil market under severe pressure today, ty. >> all right, sue. as we await the president, the headline of course for most americans is that the unemployment rate goes back up. first tick upward in more than a year. now in our 40th consecutive month of unemployment at 8% or greater. that is the longest such streak going...
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Sep 13, 2012
09/12
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a lot of it is hinging on china. thing china is finally getting some response. i don't think we're going to see a big recovery. you know, a leading indicator of this is to look at industrial metals. they look like they've bottomed and think that's a leading indicator why you want to be buying basic material stocks right now. >> we talked a lot about catalysts and last time you were on cnbc you talked about romney. how many points is a romney victory worth in your estimation? >> so, you know, as you know, i think the market's still diskounlting an obama victory, but if romney -- and it really comes down to the swing states. if he's able to become our next president, you know, we're thinking 15.50 much. thing the high yield is telling us fair market value is 1600. we could see a mavis melt-up. again, it's not really a high probability case right now. >> romney aside, how do we reconcile the fact that earnings are slowing, earnings are going to be certainly nowhere near where they have been? what's the impact going to be on the stock market if that's the case? >> i
a lot of it is hinging on china. thing china is finally getting some response. i don't think we're going to see a big recovery. you know, a leading indicator of this is to look at industrial metals. they look like they've bottomed and think that's a leading indicator why you want to be buying basic material stocks right now. >> we talked a lot about catalysts and last time you were on cnbc you talked about romney. how many points is a romney victory worth in your estimation? >> so,...
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Apr 13, 2012
04/12
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want to move on to china. china's economy growing at its slowest pace in three years during the first quarter gdp expanding at lower than expected rate that was 8.1%. economists were looking for 8.3% or 8.4%. the number is down from 8.9% that the country rang up in the fourth quarter. >> i don't know. >> not expecting. >> bmws -- i mean it's inward purchasing. it's bmw buying. it's audi buying. they love audis. >> it's okay if it's too hot and okay if it's too weak. either way, if you take a look at the reaction of the shanghai composite was nil to higher. if it's hot it's fine. if it's weaker there's policy easing. that's the consensus on the street at this point given this number and other data points we've gotten that the government will step in and ease to make sure growth will be there. either way, good. >> thank you for mentioning how the stock market did over there. i'm sitting here like, you're watching on the web. people say oh, china growth plumment iplu plummeting, 8.1%. which country wouldn't want
want to move on to china. china's economy growing at its slowest pace in three years during the first quarter gdp expanding at lower than expected rate that was 8.1%. economists were looking for 8.3% or 8.4%. the number is down from 8.9% that the country rang up in the fourth quarter. >> i don't know. >> not expecting. >> bmws -- i mean it's inward purchasing. it's bmw buying. it's audi buying. they love audis. >> it's okay if it's too hot and okay if it's too weak....
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Mar 13, 2012
03/12
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china has more exports to europe than they do to the united states. in addition, we have a great deal of production going on here in the united states. and if you look at the btus per unit, oil is trading about six times more expensive than natural gas. we're going to have natural gas in this country. it is going to drive down prices. now, how quickly, i can't say. but that should be what we would eventually see. >> by the way, we're going to speak with john watson, the ceo and chairman of chevron tomorrow. we were going to speak to him today, but with all the stress test information, we don't want to squeeze that interview. so we'll bring you that tomorrow. we'll come back to you momentarily. we've got much more on the crucial banking stress test results. and the impact it could have on your money.ve tomor w. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement p
china has more exports to europe than they do to the united states. in addition, we have a great deal of production going on here in the united states. and if you look at the btus per unit, oil is trading about six times more expensive than natural gas. we're going to have natural gas in this country. it is going to drive down prices. now, how quickly, i can't say. but that should be what we would eventually see. >> by the way, we're going to speak with john watson, the ceo and chairman...
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Mar 13, 2012
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not just china. we've sought to resolve disputes in agriculture with the european union and other markets because we fundamentally believe that made in america is still a very treasured brand around the world. but trade only works if america's farmers and manufacturers have the same unfettered access to these other markets as we've gotten to ours. >> quickly, with regards to russia, the trade agreement in congress right now, is it likely to be repealed? >> it is absolutely critical that we lift the jackson/vanek restrictions on russia so that american manufacturers have full access to all the benefits of their being a part of the wto. >> i know the administration is lobbying congress to repeal that amendment. ambassador kirk, thank you so much for joining us today on "street signs." >>> coming up next, it is fed time. we'll hear from them. the headlines, the instant analysis as well. pimco's bill gross and jpmorgan fund's david kelly will be with us. we have our very own steve liesman with us as well
not just china. we've sought to resolve disputes in agriculture with the european union and other markets because we fundamentally believe that made in america is still a very treasured brand around the world. but trade only works if america's farmers and manufacturers have the same unfettered access to these other markets as we've gotten to ours. >> quickly, with regards to russia, the trade agreement in congress right now, is it likely to be repealed? >> it is absolutely critical...
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Jun 8, 2012
06/12
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if you look at the china-related etfs, the bigger ones, when china cut those rates it helped to lift u.s. equities, not the same feeling with the china-related stocks because of data points expected to be released. fears that more signs of slow down could emerge. maria, back to you. >> courtney, thank you so much. investors liking the news that a month from now shipping rates will be boosted by nearly 7%. get this, despite plunging oil prices, the company is keeping its fuel surcharge, bill. >> let's talk about it. our next guests say get used to this. companies are seeing that consumer may not like the price hike in fees but they will pay them. good news for the stock, bad news for the consumers. for so long our economy was passing costs on to consumer. and i do think the inflation over last couple of months. and companies they send wide profit margins and they are monetary policy is as easy and it becomes more of the price increases. >> the rise in prices is the cost of doing business. do you expect them to spread? are investors going gravitate towards raising prices? >> i think th
if you look at the china-related etfs, the bigger ones, when china cut those rates it helped to lift u.s. equities, not the same feeling with the china-related stocks because of data points expected to be released. fears that more signs of slow down could emerge. maria, back to you. >> courtney, thank you so much. investors liking the news that a month from now shipping rates will be boosted by nearly 7%. get this, despite plunging oil prices, the company is keeping its fuel surcharge,...
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Jun 4, 2012
06/12
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how many are in western china. but the idea they're not eating as much kentucky fried chicken because they're cutting back, i don't know. i find that to be a little disturbing. >> where is that word coming from? is it out of your western china sources? >> an independent guide. we did get a downgrade this morning worried -- here we go. raymond james worried aby eied kentucky fried chicken sales. >> in western china? >> they've got at least 30 cities with more than a million people. >> the think about western china, they are -- obviously cities aren't as big. any slowdown is marked. it's a much more sort of rural area in general. in the western part of china. but the concerns about u.s. multinationals in china and things softening, that's really becoming much of a bigger deal. deutsche bank today taking down the price target of mcdonald's down to 100. they're heari ining executives about weaker margins because of europe and overseas. this is all coming to a head here. >> it sure is. a lot of people are just talking c
how many are in western china. but the idea they're not eating as much kentucky fried chicken because they're cutting back, i don't know. i find that to be a little disturbing. >> where is that word coming from? is it out of your western china sources? >> an independent guide. we did get a downgrade this morning worried -- here we go. raymond james worried aby eied kentucky fried chicken sales. >> in western china? >> they've got at least 30 cities with more than a...
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Nov 29, 2012
11/12
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it looks like china is decelerated. we've got to do some work tonight on that and come back tomorrow. this has long been one of the best stocks that we have talked about. >>> all right. we've got great news to report tonight. our fabulous executive producer regina had a baby girl today. we want to welcome
it looks like china is decelerated. we've got to do some work tonight on that and come back tomorrow. this has long been one of the best stocks that we have talked about. >>> all right. we've got great news to report tonight. our fabulous executive producer regina had a baby girl today. we want to welcome
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Oct 10, 2012
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and while china was indeed weaker, alcoa is talking about a very strong rebound in china for 2013. no matter what i think, though, people chose not to hear the point of views and alcoa kicked a field goal for the bears. so now we have the new score. it's bears 3, bulls 0. or minus 3 for purposes of the tote board. the news kept coming last night as we heard from chevron in the mid quarter update. the giant oil company totally imploded on the headline basis with a real one of those substantially worse than expected screamer. even as i thought that the story is pretty much expected by those who actually follow the company closely, as i do, having just been selling some chevron for action alerts trust, my charitable trust. somehow the old facts, a hurricane and refinery in california hurt the quarter were regarded as new news, and chevron scored another touchdown for the bears. all right. now the score is minus 10. again, parlance of football, as well as what we look at as the averages. europe proved to be a nonevent. so we came into this morning session in the red. down by 10. come o
and while china was indeed weaker, alcoa is talking about a very strong rebound in china for 2013. no matter what i think, though, people chose not to hear the point of views and alcoa kicked a field goal for the bears. so now we have the new score. it's bears 3, bulls 0. or minus 3 for purposes of the tote board. the news kept coming last night as we heard from chevron in the mid quarter update. the giant oil company totally imploded on the headline basis with a real one of those substantially...
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Apr 25, 2012
04/12
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china first. your note today, it appears china will cool from the initial surge. want to give you a comment from apple from the call yesterday in which the company says, this is from peter oppenheimer. we continue to see tremendous momentum in greater china where iphone sales were five times the level of the year-ago quarter. the bottom line is they don't see china moderating at all. if anything, the expectations are it would continue to pick up. why should we believe that you think it would cool? >> well, that's not what i heard on the call. what he said on the call was the supply/demand imbalance was no longer occurring in china and they're looking for a sequential decline. so if you look at what happened in china, two of the smaller operators that are predominantly post paid operators, 50% of one guy's business, 75% of the other ones that launched the iphone in january then march that delivered a lot of pent-up demand and should have been expected by investors. when you go forward after you get the post paid customers, what happens in the next quarter? a ton of
china first. your note today, it appears china will cool from the initial surge. want to give you a comment from apple from the call yesterday in which the company says, this is from peter oppenheimer. we continue to see tremendous momentum in greater china where iphone sales were five times the level of the year-ago quarter. the bottom line is they don't see china moderating at all. if anything, the expectations are it would continue to pick up. why should we believe that you think it would...
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Sep 25, 2012
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said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> as the cloud peaked? even though everything related to the personal computers, still have a couple of themes going. last night rht open source softwa software company reported that many analysts were disappointing. billings came in light rising 15% every year. and management had to reduce the four year revenue. when you look at it like that. you can understand why the stock got hit today. 4.28%. it was a down day here. it doesn't look like anything is wrong with it. when you look at the numbers, they look darn good to me. they are getting hit as they convert weak c
said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve...
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Apr 3, 2012
04/12
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china was riding shotgun! u.s., we were in the backseat, hobbled by divided congress, dysfunctional washington. how dysfunctional? at a time when it looked like the economy might finally be able to grow on its own accord, the president and congress couldn't agree to extend the debt ceiling. we were almost the first nation in history to default on its obligations by choice, not because we couldn't pay. worst, as the fall went on and morphed into winner, our european driver lost the car, while the shotgun-riding chinese was busy shooting itself in its 2 billion feet -- 2 billion people, 2 billion feet, an arithmetic issue there. at the time, what were we doing? well, we were asleep, doing nothing. periodically waking up and asking our parents in front, are we there yet? we should be given some dvds or some ipads to keep ourselves busy. but a funny thing happened when 2012 began. we changed drivers! as our domestic data got storied, the united states has been able to seize control of the wheel. europeans, they've
china was riding shotgun! u.s., we were in the backseat, hobbled by divided congress, dysfunctional washington. how dysfunctional? at a time when it looked like the economy might finally be able to grow on its own accord, the president and congress couldn't agree to extend the debt ceiling. we were almost the first nation in history to default on its obligations by choice, not because we couldn't pay. worst, as the fall went on and morphed into winner, our european driver lost the car, while...
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Dec 5, 2012
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they were just approved in china. apple is going to be under pressure. i know the last time i was on, i think with we talked about how apple could be moving towards $600 or $700 by year end. i don't think that's going to happen. when you see the earnings come out, the other end of the pipeline from this quarter and next quarter, particularly when a recent nielsen survey said that 30% of desk top and laptop users are now going to use their devices less because they're using, what, tablets, which apple is the market leader. then you're going to see blockbuster earnings over the next two quarters. >> all right. we'll leave it there. gentlemen, thank you very much. we'll be watching apple and this market on the possibility for a deal. thanks, gentlemen. see you soon. we're just 26 days away from the fiscal cliff. steve liesman joins us now live from the treasury. he has an exclusive interview with one of the key negotiators at the white house, secretary of treasury timothy geithner. >> maria, thank you. i'm here with the secretary of treasury at a crucial ti
they were just approved in china. apple is going to be under pressure. i know the last time i was on, i think with we talked about how apple could be moving towards $600 or $700 by year end. i don't think that's going to happen. when you see the earnings come out, the other end of the pipeline from this quarter and next quarter, particularly when a recent nielsen survey said that 30% of desk top and laptop users are now going to use their devices less because they're using, what, tablets, which...
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Jun 7, 2012
06/12
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it's spain, being able to raise money and china and china cutting in sync with what could be happening in europe. technology is not the right place to be. financials, questionable earning. industrials, intriguing. they are down a lot. they are. >> what would -- merkel is making a few headlines. what would signal to you that she clearly has blanks, that she is bending? >> what would signal to me is that she endorse the idea that there should be deposit insurance for a bbva, anything that happens to a currency, you don't need to worry. you can keep it in the bampb because you're going to have euros. greece defaults. it comes out of the euro. greece is going to drop us. that's the most important thing. but merkel understands there's a line in the sand. spain, as the new york times says today, must not be allowed to sell. >> you can make the same argument about merkel, yeah? >> the chinese are the greatest capitalists in history. but the chinese don't do anything because they have the real money. they don't do anything idly. a coordinated action, ben bernanke saying we're not going to put
it's spain, being able to raise money and china and china cutting in sync with what could be happening in europe. technology is not the right place to be. financials, questionable earning. industrials, intriguing. they are down a lot. they are. >> what would -- merkel is making a few headlines. what would signal to you that she clearly has blanks, that she is bending? >> what would signal to me is that she endorse the idea that there should be deposit insurance for a bbva, anything...
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Jun 20, 2012
06/12
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fiscal policy, europe a mess, china going down, china goes lower for other reasons than fed policy. let me ask you a question, if you're looking for a headline grabbing trade, a john paulson moment, 200% short betting on correlation trade where everything goes down and make paulson-type money instead of 100% cash safely sitting on the sidelines. >> i'm not safely sitting on anything. what's safer you wouldn't tell me particularly why you wouldn't disagree with me. >> if we have time i'd be happy to. >> you can call that as net short, but i think it's aggressive. the point is the point. you step up and make the call when you see signals to perpetuate the call. i see the signal. i've been making it multiple times. you can disagree fwu want. ben bernanke disagrees, too. if you get policy right, you'll get the dollar right. if you get the dollar right, you'll get everything else right. >> thanks so much. see how it pans out. have you back when you change your position if and when. >> jpmorgan sold off between 65, 70. shares popping 2.5 on the news, down more than 10% since the company a
fiscal policy, europe a mess, china going down, china goes lower for other reasons than fed policy. let me ask you a question, if you're looking for a headline grabbing trade, a john paulson moment, 200% short betting on correlation trade where everything goes down and make paulson-type money instead of 100% cash safely sitting on the sidelines. >> i'm not safely sitting on anything. what's safer you wouldn't tell me particularly why you wouldn't disagree with me. >> if we have time...
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Mar 5, 2012
03/12
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and you still have the china play. when they lowered growth forecast, all the big material names came down as well. >> we certainly watch what china's doing these days. who's wagging who, bob? let's get to rick santelli. do you feel anything's changed in the bond pits? or is it just status quo? >> you know, i don't know. i think status quo is up for revision. we had dallas fed president richard fisher was on the wires with some interesting comments. we have a few quotes that we're going to throw up there. as you read these, he's pretty much posing the scenario that anybody looking for more quantitative easing, it's akin to being hooked like a drug addict. using some pretty flowering language talking about accommodation. and keep in mind he used to be the decenting hawk. he's a non-voting member now. and now we have one disdent. the one quote i was so e namerred with because it was so colorful is he thinks the equivalent of misfees sans based on the notion what the government is doing regulatory, physically and malfeasa
and you still have the china play. when they lowered growth forecast, all the big material names came down as well. >> we certainly watch what china's doing these days. who's wagging who, bob? let's get to rick santelli. do you feel anything's changed in the bond pits? or is it just status quo? >> you know, i don't know. i think status quo is up for revision. we had dallas fed president richard fisher was on the wires with some interesting comments. we have a few quotes that we're...
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192
Apr 9, 2012
04/12
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. >> largest market right now, china? >> china was lost. >> jamie dimon's annual letter to jpmorgan shareholders was a record tdd# 1-800-345-2550 we're hitting new highs. tdd# 1-800-345-2550 the spx is on my radar. tdd# 1-800-345-2550 and i'm on top of it all with charles schwab. tdd# 1-800-345-2550 tdd# 1-800-345-2550 i use streetsmart edge and its tools like... tdd# 1-800-345-2550 screener plus. tdd# 1-800-345-2550 i can custom build my own screens tdd# 1-800-345-2550 or use predefined ones to help me find tdd# 1-800-345-2550 possible trading opportunities quickly. tdd# 1-800-345-2550 i can also bounce my ideas off their trading specialists - tdd# 1-800-345-2550 on the phone or face-to-face. tdd# 1-800-345-2550 and i can trade wherever i want, whenever i want. tdd# 1-800-345-2550 tdd# 1-800-345-2550 the kicker? tdd# 1-800-345-2550 i pay $8.95 a trade. tdd# 1-800-345-2550 that's a deal in any language. tdd# 1-800-345-2550 hey... a breakout on a head and shoulders bottom! tdd# 1-800-345-2550 that's what i'm talking about.
. >> largest market right now, china? >> china was lost. >> jamie dimon's annual letter to jpmorgan shareholders was a record tdd# 1-800-345-2550 we're hitting new highs. tdd# 1-800-345-2550 the spx is on my radar. tdd# 1-800-345-2550 and i'm on top of it all with charles schwab. tdd# 1-800-345-2550 tdd# 1-800-345-2550 i use streetsmart edge and its tools like... tdd# 1-800-345-2550 screener plus. tdd# 1-800-345-2550 i can custom build my own screens tdd# 1-800-345-2550 or use...
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Oct 9, 2012
10/12
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how about china. same thing. we had so many people making inroads into china, but now that china has slowed, how many have been hurt? i found myself talking about it on "squawk on the street" today, when i hear china's weak, i bring out the nonmagnificent seven, freeport mcmorn, peabody coal. that's right. those are the only ones trading directly on china these days. seven companies. it's crazy how little impact it has anymore. but that, again, is a combination of two little things. one, that most u.s. companies don't have much of a toehold in china to begin with is sobering, isn't it? and two, that we aren't an industrial company anymore. we can talk a big game and worry about china, but we always bounce back. and we bounce back quite quickly because it means so little to the vast majority of our companies. we have taken it back in style. if we leave out this newfound international relevance, kick the can strategy. okay. let's do a random thing. hey, get back in here. you belong in here. just look at the s&p 500
how about china. same thing. we had so many people making inroads into china, but now that china has slowed, how many have been hurt? i found myself talking about it on "squawk on the street" today, when i hear china's weak, i bring out the nonmagnificent seven, freeport mcmorn, peabody coal. that's right. those are the only ones trading directly on china these days. seven companies. it's crazy how little impact it has anymore. but that, again, is a combination of two little things....